Renewable energy company Sun Cable has appointed Kiran Raj as its group chief financial officer.
Raj’s role requires him to lead the finance division and structure and execute the funding required by financial close in October 2023 to develop Sun Cable’s Australia-Asia Powerlink.
The A$30 billion (US$22 billion) project aims to be the world’s largest solar farm and battery storage facility with a 4,200km sub-sea cable connection to supply Darwin, Singapore and Asian markets. If successful, the project will meet up to 15 per cent of Singapore’s electricity needs.
Prior to joining Sun Cable, Raj was venture partner and head of Southeast Asia for Cordiant Capital, a global infrastructure fund with US$3 billion assets under management. Although originally from Australia, he has executed transactions exceeding US$25 billion in the Asia Pacific region.
His experiences in Asia Pacific include being chief financial officer and director for the US private equity-backed energy group KrisEnergy, chief executive officer for energy and infrastructure firm, Brighton Capital Advisors, and director and head of Southeast Asia investment banking execution for CLSA Asia Pacific Markets.
Kiran said that Sun Cable “epitomises the future of energy transition, energy security and ESG” and looked forward to executing the Australia-Asia PowerLink and “enhancing value for shareholders and all stakeholders.”
As Sun Cable’s portfolio expands amid huge opportunities for Australia’s renewables sector, the company continues to grow its executive team.
“We continue to build our executive team to ensure we have the skills, experience and passion to realise Sun Cable’s vision and commitment to the renewable energy transition,” said David Griffin, chief executive officer, Sun Cable.
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